Question

Question

How does the development of quaternary industries impact local economies?(1 point)
Responses

Quaternary industries develop in places based on comparative advantage and draw tourists.
Quaternary industries develop in places based on comparative advantage and draw tourists.

These industries create new types of jobs, but lead to the creation of warehouses and competition for local retail.
These industries create new types of jobs, but lead to the creation of warehouses and competition for local retail.

The development of quaternary industries does not impact local economies.
The development of quaternary industries does not impact local economies.

Quaternary industries involve the efficient production of food and raw materials, which benefits urban centers.

Answer 1

The most accurate response to how the development of quaternary industries impacts local economies is:

These industries create new types of jobs, but lead to the creation of warehouses and competition for local retail.

Quaternary industries focus on knowledge-based activities involving services such as information technology, research and development, financial services, and education, which can create specialized job opportunities. However, their development can also lead to changes in the local economic landscape, such as increased competition among businesses and shifts in retail dynamics.